Buy Tata Motors, says Prayesh Jain

Prayesh Jain of IIFL told CNBC-TV18, "Tata Motors is a complete JLR story now. The domestic volumes while the commercial vehicle (CV) pack has been recovering, if you look at the rest of the pack, utility vehicles, passenger cars – all seem to be in the very weak zone."

"The JLR story is a complete different ballgame. With the China plant commencing operations now, Brazil expected to start in sometime and the kind of new launches they have lined up, JLR is set to see around a 15-18 percent kind of volume growth over the next few years. That is the reason Tata Motors is in our buy list," he added.